Multiple Choice
Material abstract is also known as ………………
A) material issue analysis sheet
B) bill of materials
C) stores ledger
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Process costing is also known as…......................costing.<br>A)continuous<br>B)batch<br>C)multiple<br>D)job
Q2: costing is a type or technique of
Q3: Cost accounting provides data for managerial…………….<br>A)decision making<br>B)recruitment<br>C)retrenchment<br>D)none
Q4: Average cost method of valuing material issues
Q6: ………costing is used in transport undertakings.<br>A)process<br>B)service<br>C)multiple<br>D)job
Q7: Fixed cost ...................................in the same proportion in
Q8: Specific price method of valuing material issue
Q9: Administration expenses are mostly……………….<br>A)semi-variable<br>B)variable<br>C)fixed<br>D)none of these.
Q10: Sunk costs are.............................for decision-making<br>A)irrelevant<br>B)relevant<br>C)useful<br>D)none of these.
Q11: The ordinary trading account is a locked